Paloma Partners Management Co Buys Shares of 5,236 PBF Energy Inc. (NYSE:PBF)

Paloma Partners Management Co bought a new stake in shares of PBF Energy Inc. (NYSE:PBF) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,236 shares of the oil and gas company’s stock, valued at approximately $301,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise grew its position in shares of PBF Energy by 10.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,830 shares of the oil and gas company’s stock worth $105,000 after buying an additional 172 shares during the period. Fifth Third Bancorp grew its position in shares of PBF Energy by 30.4% during the 1st quarter. Fifth Third Bancorp now owns 953 shares of the oil and gas company’s stock worth $55,000 after buying an additional 222 shares during the period. GAMMA Investing LLC grew its position in shares of PBF Energy by 95.3% during the 1st quarter. GAMMA Investing LLC now owns 459 shares of the oil and gas company’s stock worth $26,000 after buying an additional 224 shares during the period. Center For Asset Management LLC grew its position in shares of PBF Energy by 3.9% during the 1st quarter. Center For Asset Management LLC now owns 6,127 shares of the oil and gas company’s stock worth $353,000 after buying an additional 228 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of PBF Energy by 12.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,598 shares of the oil and gas company’s stock worth $114,000 after buying an additional 295 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.

Insider Activity

In other PBF Energy news, insider Control Empresarial De Capital bought 84,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was purchased at an average cost of $44.96 per share, with a total value of $3,776,640.00. Following the transaction, the insider now directly owns 14,429,198 shares in the company, valued at approximately $648,736,742.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders acquired a total of 2,091,100 shares of company stock valued at $93,004,617 in the last ninety days. 5.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Scotiabank reduced their price objective on shares of PBF Energy from $56.00 to $45.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. TD Cowen cut their target price on PBF Energy from $54.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. Wells Fargo & Company cut their target price on PBF Energy from $67.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. The Goldman Sachs Group cut their target price on PBF Energy from $57.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, July 1st. Finally, Wolfe Research assumed coverage on PBF Energy in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $54.30.

PBF Energy Stock Up 2.5 %

NYSE:PBF traded up $0.99 during trading hours on Tuesday, hitting $40.00. 543,614 shares of the company traded hands, compared to its average volume of 2,033,589. The company has a quick ratio of 0.78, a current ratio of 1.54 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $43.96 and its 200-day simple moving average is $49.16. PBF Energy Inc. has a one year low of $37.62 and a one year high of $62.88. The company has a market cap of $4.74 billion, a PE ratio of 2.70 and a beta of 1.60.

PBF Energy (NYSE:PBF) last issued its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.24. PBF Energy had a return on equity of 18.47% and a net margin of 4.95%. The business had revenue of $8.65 billion for the quarter, compared to analysts’ expectations of $8.29 billion. Equities analysts predict that PBF Energy Inc. will post 3.19 earnings per share for the current year.

PBF Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Wednesday, May 15th. PBF Energy’s dividend payout ratio is presently 6.92%.

About PBF Energy

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.